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$1.05M
$159,409
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,130,000
Medium
$1,030,000
Low
$930,000
Confidence
Medium
This Belmont property presents a rare investment opportunity. Situated on a substantial 999sqm block, it allows for various development possibilities. The property is zoned R2040, enabling you to subdivide into up to four lots, subject to approvals. Located on a quiet cul-de-sac, residents will enjoy proximity to Belmont Forum, local shops, cafes, and convenient access to the City. With vacant possession available at settlement, this site is perfect for those looking to renovate or develop. Listed at $1,050,000, this is an invaluable chance to maximize your return.
Trusted by over 13k property buyers and counting...
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51.2%
$350K
9.7%
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Try Picki for FREE$60,000
-$24,476
3.2%
Asking Price
$1,050,000
Estimated Purchase Price
$970,000
Stamp Duty
$41,071
Transfer Fee
$393
Conveyancing
$1,535
Deposit (10%)
$97,000
Reg. Mortgage
$203
LMI Premium
$27,658
Renovation Costs
-
Total Cash/Equity Required
$168,410
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+8.2% PA
$2,558
$3,641
Rates
+3.0% PA
$2,285
$2,981
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$22,652
$32,950
Interest Repayments
$57,618
$57,618
Net Cashflow Before Tax
-$34,966
-$24,668
Depreciation
-
-
Tax Offset
-$10,490
-$7,400
Net Cashflow After Tax
-$24,476
-$17,267
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,100,040
$1,988,611
Loan Balance
I.O
$873,000
$873,000
$227,040
$1,115,611
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2021 Population
Suburbs
Transport, Postal and Warehousing - 23.0%
Retail Trade - 8.0%
Manufacturing - 7.0%
Construction - 7.0%
Others - 55.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
